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lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on this until after the presidential election. >> always of the election. we need that help now. >>> it is now 47 after the top of the hour. the bizarre seating situation at american airlines could be more widespread that n we first thought. we will have a live report coming up. >>> after a sharp drop in absentee ballots by the nation's members of the military is the pentagon doing much to help the votes next year? we will read your e-mails to find out. good morning, brian. >> good morning to you. it will be unusual. pregame sh
lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on...
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Oct 1, 2012
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our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i thought was so interesting about vice-president biden's comments 24 hours before the presidential. but setting up the middle class is effected and that is what mitt romney said middle class is suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult
they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i...
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vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket. >> if they did that it would be well telegraphed, i don't think they would do it in a subtle way. the market react that shows fiscal responsibility is a positive. liz: markets are not reacting. >> markets are benign about this the biggest danger for markets is a policy is make and chaos. >> do you think what we've seen -- we've seen an economy distorted by bubbles, like the economy has been on platform shoes, and i feel like, we have -- market -- some analyst some people, have been drained of all common sense, like they are
vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket....
WHUT (Howard University Television)
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Oct 6, 2012
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed ha
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstream media are having a fit, many are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off today, it looks very weak, talking with lewis lehrman earlier, i did not hear a lilt in his face talking about future prospects. >> looks like a little cash taken off the table there, running to the sidelines a bit, wire in a recovery of downward gdp revision, any time you see market act skittish, you might say, am i too much invested in the market, should i pullback. lou: looking at this economy, jobless numbers last week, terrific for president obama. 7.8%. yet his numbers are plumb et ceteraing plummeting. >> me had a weak, weak, weak debate last week, and these numbers are catching up to him. the pres
if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstream media are having a fit, many are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off...
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Oct 9, 2012
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tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of in dentured servants. this transpacific partnership is nafta on summer recognized off shoring our jobs and undermining wages. he is giving away the store to wall street over and over again without actually doing the things we can do. we're calling for a green new deal, which would use our dollars for creating jobs directly not for more tax breaks for the job creators to create more jobs in india and china. he has his priorities mixed up. he does need to be held accountable not only for shipping jobs overseas, bai
tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of...
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it's a massive tax that could cost the american economy more than half a trillion dollars a year. trillion with a t according to the national association of manufacturers. riley the former republican epa chief says something like that needs to be done. >> i think the epa has been led to a position where it's got to act. >> many disagree. among other things the epa cleanup operations of 40 years ago cost relatively little and most everyone benefits. in contrast an all out effort to lower the temperature of the planet assuming global warming is a real problem that humans can reverse would sheerl be the most complicated and expensive under taking in human history. >> the kinds of pollution in pittsburgh when i was growing up it's gone. i am grateful to that generation of the epa would help to make it happen. >> torpedo wood the epa latest mission reveals not a concern for the environment but a radical agenda that is less about the environment than most americans might image. as you will see later he discovered that in a college freshman dorm far from the corridors of power. >>> when
it's a massive tax that could cost the american economy more than half a trillion dollars a year. trillion with a t according to the national association of manufacturers. riley the former republican epa chief says something like that needs to be done. >> i think the epa has been led to a position where it's got to act. >> many disagree. among other things the epa cleanup operations of 40 years ago cost relatively little and most everyone benefits. in contrast an all out effort to...
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the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. ther
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's...
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reduce tax and regulatory burden. melissa: you have a very specific list. i want to make sure we hit on the points because there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >>uge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like soldra, totally that is about one-third of federal spending right there. that is not only money that being wasted, it is diverting capital from its highest and best use, to the whims of politicians. melissa: yeah. >> when you divert investment decisions from investors that make those decisions based upon the best economic return for the dollar and give those decisions instead to politicians, they make those decisions based on the highest political return for th dollar. that's a very different thing. melissa: your number two on the list i like very much. it is enact losers pay. basically lawyers have a huge influence on the political system. and we're seeing t
reduce tax and regulatory burden. melissa: you have a very specific list. i want to make sure we hit on the points because there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >>uge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like soldra, totally that is about one-third of federal spending right there. that is not...
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would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16 billion of the national debt. even tom coburn, one of your heroes, from oklahoma, says we have to raise revenue. we have to cut spending. we have to balance our budget. that is not liberal, that is not conservative, it is just the truth. >> i will make a point that in that entire answer, mr. sadler did not disagree with me once that there is not a single texan who currently pays income tax that he is willing to rule out raising taxes on. i've asked to three times that question, and you have yet to give an answer. >> hold on, what about the question of revenue? he
would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16...
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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and he opposes any new taxes. so on health care, he's kind of pulling up the ladder after him and his state. he's saying that he opposes universal health care at the federal level but he will not give states money they need to get it done at the state level. so under his plan there's no way to get universal health care done at all. but he doesn't really want you to know that. joining me now is jonathan gruber one of the folks who helped mitt romney design his health care law in massachusetts. it's great to see you. >> good to be here, ezra. >> you know these numbers for this plan, anything you want to fact check, correct or complicate here. >> no, you described it very well. i think what candidate romney is not owning up to is the fact that the federal government made our plan possible. they gave us the seed money, if you will, more than seed, more than half the money we needed to make it possible and the rest came from a tax that was already imposed on the state that mitt romney essentially rededicated to his eff
and he opposes any new taxes. so on health care, he's kind of pulling up the ladder after him and his state. he's saying that he opposes universal health care at the federal level but he will not give states money they need to get it done at the state level. so under his plan there's no way to get universal health care done at all. but he doesn't really want you to know that. joining me now is jonathan gruber one of the folks who helped mitt romney design his health care law in massachusetts....
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he's going to pre him from very specifics on your tax program and at you're goingo phase out as far as deductis are concerned, all ofhat. is the governor going to be able to parry, can he parry? can he thinkast enough on his feet to block inevitably at's going toom his way? >> hebsolutely can. if you reme debates with newt gingrich, speaker gingr chs migration policy. he was reallyoing after him about deporting grandmoer he areat response. we can't deport 11 milli grandmothers. there aren't 11illion grandmotrs that wre poing. so he can. can rort. whathe governo has goto do it's not about parrying, it's about going on offense. it's aut starting the debate on offense d finishing the debate on offee. >>ill: remember, though, because i' debated bak twice, i mean, he's not jimmy caer. agan was theem tate who destyed cart. obama is muc quicy a confrontaonal man, am i correct on thathe's not me. he not looking r the fight. heoesn't rish the debate. >> that's wh hapnedhe first obably 15 primary detes. he stayed t ou t fray and just sort ofave histhat's right. an let every ese beat each othe up
he's going to pre him from very specifics on your tax program and at you're goingo phase out as far as deductis are concerned, all ofhat. is the governor going to be able to parry, can he parry? can he thinkast enough on his feet to block inevitably at's going toom his way? >> hebsolutely can. if you reme debates with newt gingrich, speaker gingr chs migration policy. he was reallyoing after him about deporting grandmoer he areat response. we can't deport 11 milli grandmothers. there...
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on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what he passed in massachusetts as an example of a bipartisan compromise and a model for the whole country at the state level. >> we've seen this model work really well. in massachusetts because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model. >> i like the way we did it in massachusetts. entirely on a partisan basis instead of bringing america together and having a discussion at this important topic, you pushed through something that you and nancy pelosi and harry reid thought something was the best answer and drove it thr
on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what...
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and how much was accurate? with me is the associate editor of the financial weekly owned by the parent of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on
a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and...
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if the taxes increase, then is a tax increase. if the canned says tax cut or mandatory spending or discretionary spending, we would use it in that way. achieving these baseline pounds of revenue and spending, it is not necessarily in the exact timing or form that the current law baseline looks out right now, but sticking with the essential elements. those of you who know me know that i am quite fond of the current law baseline. in the past i have said what we need to do is to follow a strict pay-as-you-go. i am tired of exempting this and ignoring that. let's stick to strict pay-as- you-go. pay-go noit to exceptions. i will just modify that today and say instead of pay-ago, is re-go. recycle as you go. set targets that congress says, by this date, we will have achieved this goal. the budget committees and the budget process to enforce this. there is something called budget conciliates -- reconciliation where they've direct the budget and other entities with jurisdiction over the program to come up with reforms, for spending target
if the taxes increase, then is a tax increase. if the canned says tax cut or mandatory spending or discretionary spending, we would use it in that way. achieving these baseline pounds of revenue and spending, it is not necessarily in the exact timing or form that the current law baseline looks out right now, but sticking with the essential elements. those of you who know me know that i am quite fond of the current law baseline. in the past i have said what we need to do is to follow a strict...
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the obama administration's economic failures. >> greta: so will the obama campaign take a political hit with that one, mr. speaker? it's dangerous to talk these days? >> look, it's pretty hard to take anything joe biden says seriously. but if you look at it from -- there are two parts to t. he admits that in the last four years, that's the obama years, the middle class has been buried. highest price of gasoline in the history. hits the middle class. the unemployment rate hits the middle class. the debt being piled up, hits the middle class. but then he goes on to say something which is frankly nutty.
last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the...